Examples of New Rise in a sentence
New Rise SAF has not improperly classified as an independent contractor any person who should be characterized as an employee of an Acquired Company under Law, including for purposes of taxation, workers’ compensation, unemployment insurance or Benefit Plan eligibility, and none of New Rise SAF or the Sellers has received a claim, and the Sellers have no Knowledge of any potential claim, from any Governmental Authority or any such classified person to such effect.
Except as expressly described in Schedule 3.20, no employee of New Rise SAF is employed under a contract that cannot be terminated by the applicable Acquired Company with or without notice, except for those employees who are employed on indefinite hiring requiring, under Law, reasonable notice of termination.
No present or former independent contractor or subcontractor has any claim against New Rise SAF on account of or for payments or benefits due for any period on or before the Closing Date, which have not been paid.
Except as expressly described in Schedule 3.20, New Rise SAF is not obligated pursuant to any verbal or written commitments to any director, manager, officer, employee or independent contractor or consultant to increase any such individual’s total compensation (including base salary, bonus, commission, opportunities, incentive compensation or profit-sharing) or potential severance prior to the Closing Date or as a result of the transactions contemplated by this Agreement.
New Rise SAF has maintained all insurance required to be maintained pursuant to the Contracts and all Permits.
New Rise SAF has properly filed under the appropriate insurance policy all claims and losses as to which the Sellers has Knowledge.
Schedule 3.02 sets forth each jurisdiction in which New Rise SAF is licensed or qualified to do business, and New Rise SAF is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary.
New Rise SAF is duly organized, validly existing and in good standing under the Laws of the state of its respective jurisdiction of organization and has full limited liability company power and authority to own, operate or lease the properties and assets now owned, operated or leased by it, and to carry on its business as it has been and is currently conducted.
None of New Rise SAF or the Sellers has brought or considered bringing against any other Person any legal proceeding for infringement or violation or misappropriation of any Intellectual Property or breach of any license, sublicense or agreement involving Intellectual Property owned or used by the New Rise SAF or the Sellers.
New Rise SAF is delinquent in payments to any of its employees or consultants for any wages, salaries, overtime pay, commissions, bonuses, vacation pay, sick pay, severance and termination pay, benefits or other compensation for any services or otherwise arising under any policy, practice, Contract, plan, program, arrangement, Law, order of a Governmental Authority or Permit.